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Alexandra [31]
2 years ago
6

In 2017, Hurricane Irma had a significant, negative impact on the orange harvest in the state of Florida. The U. S. Department o

f Agriculture predicted that the quantity of oranges produced would be 21% lower than the previous year. If the price elasticity of demand for oranges is -1. 5, what impact would Hurricane Irma have on the price of oranges? change in the price of oranges:_______
Business
1 answer:
MaRussiya [10]2 years ago
6 0

As a result of Hurricane Irma causing the quantity of oranges to drop by 21%, the change in price of oranges will be increase of 14%.

<h3>What will be the change in price of oranges?</h3>

Price Elasticity is found as:
= Change in quantity / Change in price

You have the elasticity and the change in quantity so you can find the change in price as:

-1.5 = -21% / Price

Price x -1.5 = -21%

Price = -21% / -1.5

= 14%

In conclusion, price will increase by 14%.

Find out more on price elasticity of demand at brainly.com/question/5078326.

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Terapin Company engages in the following external transactions for November. 1. Purchase equipment in exchange for cash of $23,4
uysha [10]

Answer:

Journal Entries

Journal 1 :

Equipment $23,400 (debit)

Cash $23,400 (credit)

Being Purchase of Equipment

Journal 2 :

Cash  $6,800 (debit)

Service Revenue  $6,800 (credit)

Being Service rendered for Cash

Journal 3 :

Salaries Expense $2,100  (debit)

Cash $2,100 (credit)

Being Salaries expense paid

Explanation:

Narrations have been provided to explain the transaction. Remember to use the account titles provided in accounting for the transactions.

8 0
3 years ago
A corporation has perpetual life, until one of its shareholder dies true or false
Svetach [21]
False

A corporation wouldn't have perpetual, or everlasting, life if the death of one of its shareholder could end it. Perpetual means never ending.
7 0
3 years ago
Dividing customers into different categories and offering different prices based on customer segments is the pricing strategy kn
morpeh [17]

Dividing customers into different categories and offering different prices based on customer segments is the pricing strategy known as Price discrimination.

Demographic, psychographic, behavioral, and geographic segmentation are considered to be the four main types of market segmentation, but there are many other strategies that can be used, including different variations of the four main types. there is. Below are some methods you might want to consider further.

Customer segmentation is the process of dividing customers into groups based on common characteristics so that companies can effectively and appropriately market to each group. B2B marketing allows companies to segment their customers based on many factors, including industry.

Learn more about customer segments at

brainly.com/question/8903427

#SPJ4

8 0
1 year ago
Gary is the marketing manager for an automobile dealership. his boss tells him the firm's primary goal is to increase its local
Ksju [112]
His firm is using a sales orientation
Sales orientation refers to a business technique that rely on it's selling and persuasion technique as their main source of income.
Company that use sales orientation usually sold a type of product that is high in price and not commonly bought by the costumers in large quantity.
7 0
3 years ago
Internal Stakeholders → Exhibition that is open to the public, usually requiring an entrance fee.
yanalaym [24]

Answer:

Explanation:

t

5 0
3 years ago
Read 2 more answers
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